Okari

Update on Okari

Okari is a 41-year-old man, married to Hellen, and blessed with three children. He owns a curios shop and has been in this business for ten years. He gets a monthly income of KES 50,000 (Kenyan shillings).

This will be Okari's third loan with Kenya Agency for Development of Enterprise and Technology (KADET). He plans to use the entire loan to purchase materials for making curios. He wants to expand the business and to educate his children. In the future, Okari wants to be a prosperous businessman.

Previous Loan Details

Okari is 41 years old, he is married and has three children. He runs a curio shop in Kangemi. Okari has been in the business for nine years now and gets a monthly income of forty thousand shillings.
This will be Okari’s second loan with KADET LTD. He plans to use the entire loan to purchase more…
More from Okari's previous loan »

Additional Information

About VisionFund Kenya

VisionFund Kenya is dedicated to economically empowering its clients by providing financial services to improve living conditions of micro-entrepreneurs and their children across Kenya. VisionFund Kenya is the microfinance subsidiary of World Vision Kenya. Obtain more information on VisionFund Kenya from its website.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.